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2017-02-17 11:41:35

NEE

NextEra Energy

$126.34

0.15 (0.12%)

11:41

02/17/17

02/17

11:41

02/17/17

11:41

Energy Future wins approval for bankruptcy plan, WSJ reports

NextEra Energy's planned takeover of Oncor moved to its next phase after a judge said he would confirm the bankruptcy-exit plan of Oncor owner Energy Future, the Wall Street Journal reports. The move sets the stage for hearings before the Public Utility Commission of Texas, which must clear the acquisition of Oncor by NextEra, the report says. Judge Christopher Sontchi's confirmation is the second for an Energy Future bankruptcy-exit plan, as a previous chapter 11 plan established around the planned sale of Oncor to a consortium of investors led by Hunt Consolidated was confirmed a year ago, though the deal fell apart after Texas regulators put conditions on the deal, the report notes. Reference Link

28

Feb

NEENextEra Energy

$126.34

0.15 (0.12%)

09/23/16

DBAB

09/23/16DOWNGRADETarget $131DBABHold

NextEra Energy downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Jonathan Arnold downgraded NextEra Energy to Hold saying he sees limited near-term upside with the shares up 23% year-to-date. "Extraordinarily frosty commentary" from two of three PUCT commissioners yesterday regarding NextEra's Oncor deal indicates an uphill battle in getting it approved, Arnold tells investors in a research note. Further, tax credit extensions may pressure the company's near-term renewables bookings, the analyst contends. He cut his price target for the shares to $131 from $133.

09/23/16

09/23/16DOWNGRADE

On The Fly: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Twitter (TWTR) downgraded to Underperform from Sector Perform by RBC analyst Mark Mahaney, who cut his price target to $14 from $17. The research firm's survey of more than 1,100 advertising professionals and their attitudes towards Facebook (FB), Google (GOOG), Twitter and other high-profile names showed that, despite marketing budgets continuing to shift online, interest in the microblog platform appears to be declining. Of note, Twitter shares have surged this morning after CNBC's David Faber reported that Twitter is moving closer to selling itself and has received expressions of interest in a possible sale, although no deal is imminent. 2. Yum! Brands (YUM) downgraded to Outperform from Top Pick by RBC Capital analyst David Palmer based on valuation. His price target on Yum shares remains $97. 3. Becton Dickinson (BDX) downgraded to Sell from Neutral by Citi analyst Amit Hazan, who thinks a cyclical U.S. slowdown will push the company's organic growth below expectations. The analyst, who also sees a diminishing impact on Becton's growth from emerging markets, cut his price target for the shares to $165 from $167. 4. NextEra Energy (NEE) downgraded to Hold from Buy by Deutsche Bank analyst Jonathan Arnold, as he sees limited near-term upside with the shares up 23% year-to-date. "Extraordinarily frosty commentary" from two of three PUCT commissioners yesterday regarding NextEra's Oncor deal indicates an uphill battle in getting it approved, Arnold tells investors. 5. AVANGRID (AGR) downgraded to Underweight from Neutral by JPMorgan analyst Christopher Turnure, who thinks both the company's growth guidance and consensus expectations "appear ambitious." He lowered his price target for the shares to $41 and $44 and notes he does not have confidence in AVANGRID's near-term growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

09/27/16

BOFA

09/27/16NO CHANGEBOFA

NextEra Energy added to US 1 List, Jack in the Box removed at BofA/Merrill

Snap Inc. (SNAP) is banning ads of initial coin offerings in its Snapchat app, Cheddar reports, citing a company spokesperson. The decision makes Snapchat the latest social media platform to prohibit advertisements for cryptocurrency ICOs, the report says. In contrast to Facebook (FB) and Google (GOOG), however, Snap's current block of ICOs has been in effect since early February and does not apply to different kinds of cryptocurrency ads, the report says. Reference Link

Airbus (EADSY) is mulling making a freighter version of its slow-selling A330neo widebody, spurred by requests from potential customers Amazon (AMZN) and UPS (UPS), Bloomberg reports, citing people familiar with the matter. The interest from Amazon and UPS could incite a competition between Airbus and rival Boeing (BA) as the worldwide air-cargo market rebounds from a slump, the report notes.

Facebook's chief information security officer, Alex Stamos, will leave the company after internal disagreements over how the social network should deal with its role in spreading disinformation, The New York Times reports, citing current and former employees briefed on the matter. Reference Link

Amazon has considered the possibility of expanding its retail footprint by acquiring some stores from bankrupt Toys 'R' Us, Bloomberg reports, citing people with knowledge of the situation. The e-commerce giant is not interested in maintaining the Toys 'R' Us brand, but has mulled using the soon-to-be-vacant stores for its own purposes, the report says. Reference Link

President Trump is readying to place a package of $60B in annual tariffs against China, following through on a long-time threat that he claims will punish China for IP infringement and create more jobs in the U.S., the Washington Post reports. The tariff package, which the president intends to unveil by the end of the week, was confirmed by four senior administration officials, the report notes. Senior aides has presented Trump with a $30B tariff package that would apply to a variety of products, but the president directed them to approximately double the amount of new trade levies, the report says. The package could be applied to over 100 products, which the president contends were made by using trade secrets that the Chinese stole from U.S. companies or forced them to hand over in exchange for market aces, the report says. Reference Link